Flex LNG Extends Time Charter for Flex Endeavour

TL;DR

Flex LNG just locked in a 500-day charter extension for the Flex Endeavour, pushing its end date to Q1 2032. Good news for revenue visibility.

AI Summary

Flex LNG Ltd. announced on February 23, 2024, the extension of the Time Charter for its vessel, Flex Endeavour. The charter has been extended by 500 days, shifting its completion from the third quarter of 2030 to the first quarter of 2032.

Why It Matters

This extension secures additional revenue streams and operational visibility for Flex LNG, demonstrating continued demand for its LNG carrier services.

Risk Assessment

Risk Level: low — The filing is a routine report of a charter extension, which is generally positive and predictable for a shipping company.

Key Numbers

• 500 days — Charter Extension (Duration of the extension for the Flex Endeavour.)

Key Players & Entities

• Flex LNG Ltd. (company) — Registrant
• Flex Endeavour (company) — Vessel
• February 23, 2024 (date) — Press Release Date
• 500 days (dollar_amount) — Charter Extension Duration
• first quarter of 2032 (date) — New Charter End Date

FAQ

Filing Documents

• a6kcoverflexendeavourtimec.htm (6-K) — 17KB
• ex-1flexlngtimecharterforf.htm (EX-1) — 6KB
• 0001772253-24-000010.txt ( ) — 24KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Matters discussed in this Report on Form 6-K may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words believe, expect, forecast, anticipate, estimate, intend, plan, possible, potential, pending, target, project, likely, may, will, would, should, could and similar expressions identify forward-looking statements. The forward-looking statements in this Report on Form 6-K are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. As such, these forward-looking statements are not guarantees of the Company's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. The Company undertakes no obligation, and specifically declines any obligation, except as requir

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FLEX LNG Ltd. (registrant) By s Oystein Kalleklev Name Oystein Kalleklev Title Chief Executive Officer of Flex LNG Management AS (Principal Executive Officer of FLEX LNG Ltd.) Date April 16, 2024

View Full Filing

View this 6-K filing on SEC EDGAR